Jump to content
House Price Crash Forum
Sign in to follow this  
Realistbear

Credit Rating Agencies At Fault Darling

Recommended Posts

http://www.telegraph.co.uk/money/main.jhtm...4/cnrate114.xml

Chancellor links rating agencies to credit crisis

Last Updated: 3:46am BST 14/09/2007

Shake-up may be needed, Darling says in letter to EU leaders, writes Tom "Thomas" Stevenson
In full: The credit crisis
The end of Gordon Brown's "miracle economy?"
Alistair Darling has shone the spotlight on credit-rating agencies
Chancellor Alistair Darling has shone the spotlight on the role played by credit-rating agencies in the liquidity crisis in a letter to fellow European finance ministers.
The controversial role of the agencies will top the agenda when EU ministers meet today in Portugal.
Calling for a co-ordinated response to the crisis, Mr Darling said ministers should focus on "the role of credit-rating agencies in structured finance, including whether rating agencies should be providing fuller, more transparent information".

Oh so predicatable. The chief architect of the credit driven "boom", Gordon Hamish Brown, who has presided over 10 years of miracle econmics where banks were encouraged to lend with gay abandon while the FSA sat on the sidelines is blaming other people for his mess.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 350 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.